The asset involved is a development site located at 120 Southeast 1st Avenue in Boynton Beach. The project encompasses a 3.77-acre municipal site intended for the Town Square development. It is set to include 465 apartments, 6,300 square feet of retail space, and 50,000 square feet dedicated to amenities, with the potential for further expansion to an additional 433 units on an adjacent parcel.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $160,000,000
• Lender: M&T Bank
• Landlord: Francis J. Greenburger - Time Equities Inc
• Loan Type: Construction

Time Equities Inc., led by Francis J. Greenburger, secured the construction loan from M&T Bank to facilitate the development of the Town Square project. This public-private partnership aims to enhance the urban landscape and provide a mix of residential, retail, and community amenities.